Online agency Travelata has raised $7 million in Series B funding from existing investor MCI Management and the European Bank for Reconstruction and Development.
According to a statement the funds will go towards further enhancing the online experience for users as well as extending services and regional expansion for the Russia-based business.
The Series B round comes on top of $5 million raised last year from Invia, a division of Poland-based equity firm MCI Management.
MCI also participated in seed funding for Travelata, which specialises in package tours, in late 2012.
Sylwester Janik, a partner at MCI and fund manager of MCI TechVentures says:
"We strongly believe in the further development of Russian e-travel and the dynamic growth of Travelata. That’s why we decided to invest more into the company. Our total investment in Travelata now exceeds 4.5 million USD, which makes Travelata one of the most important growth-stage investments in our portfolio."
Travelata initially launched in late 2011 focusing on the weekend breaks market but decided to pivot to online packages in 2012 for a number of reasons.
A number of Russia-based online travel startups have reaped funding in the past year, notably online hotel specialist Ostrovok adding $12 million to its coffers last month and rival Oktogo raising $5 million in December 2013.
Oktogo's funding was on top of the $11 million round the company raised in March of last year.